10. Termination. This Agreement may be terminated: (i) immediately upon the mutual consent of
all parties; (ii) by either party immediately upon the termination of Robert Pittman’s employment with Lessee for any reason; (iii) by the non-breaching party if an Event of Default has occurred and the breaching party has not cured
within the applicable cure period (if any) provided for in Section 14 of this Agreement; (iv) automatically upon receipt by Lessor of the Casualty Value following an Event of Loss; or (v) either party following a determination by a
mutually agreeable Dassault-authorized service facility that the Aircraft is damaged to the extent that it is improbable that it can be made operative within sixty (60) days. All amounts payable by one party to another in the event of a
termination of this Agreement prior to the expiration of the Term shall be paid to the other party within thirty (30) days of the date of termination, and this obligation shall survive the termination of this Agreement. 


11. Representations, Warranties and Agreements. Lessee and Lessor each represent, warrant and agree as follows: 


(a) Due Organization. It is duly organized and validly existing under the laws of the jurisdiction of its organization and will remain duly
organized and existing in good standing and is duly qualified to do business wherever necessary to perform its obligations under this Agreement. 


(b) Due Authorization. This Agreement has been duly authorized by all necessary action on its part consistent with its form of organization, does
not require the approval of, or giving notice to, any governmental authority.